Short Interest in Nuveen Multi-Asset Income Fund (NYSE:NMAI) Rises By 134.5%

Nuveen Multi-Asset Income Fund (NYSE:NMAI) saw a significant growth in short interest in March. As of March 13th, there was short interest totaling 70,356 shares, a growth of 134.5% from the February 26th total of 29,997 shares. Based on an average daily trading volume, of 130,282 shares, the days-to-cover ratio is currently 0.5 days.

Nuveen Multi-Asset Income Fund Price Performance

Shares of Nuveen Multi-Asset Income Fund stock opened at $12.12 on Friday. The firm has a 50-day moving average of $13.26 and a 200-day moving average of $13.12. Nuveen Multi-Asset Income Fund has a 52-week low of $10.21 and a 52-week high of $13.95.

Nuveen Multi-Asset Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be issued a $0.116 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 11.5%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Atlantic Union Bankshares Corp bought a new position in shares of Nuveen Multi-Asset Income Fund during the third quarter worth approximately $40,000. Garton & Associates Financial Advisors LLC bought a new stake in shares of Nuveen Multi-Asset Income Fund in the fourth quarter valued at approximately $42,000. Wells Fargo & Company MN grew its position in Nuveen Multi-Asset Income Fund by 942.2% during the fourth quarter. Wells Fargo & Company MN now owns 3,283 shares of the company’s stock worth $43,000 after buying an additional 2,968 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in Nuveen Multi-Asset Income Fund during the fourth quarter worth approximately $68,000. Finally, J.W. Cole Advisors Inc. bought a new position in Nuveen Multi-Asset Income Fund during the 4th quarter worth $131,000.

Nuveen Multi-Asset Income Fund (NYSE: NMAI) is a closed-end investment fund managed by Nuveen, a global asset manager and subsidiary of TIAA. The fund is listed on the New York Stock Exchange and seeks to provide investors with high current income and the potential for capital appreciation. Nuveen Multi-Asset Income Fund employs an actively managed, diversified approach across multiple asset classes, leveraging Nuveen’s extensive research and portfolio management infrastructure.

The fund’s investment strategy centers on allocating assets among a broad range of income-producing instruments.